https://www.miningweekly.com
Africa|Business|Mining|Safety|Service
Africa|Business|Mining|Safety|Service
africa|business|mining|safety|service

SP Mine Safety secures B-BBEE partner – BG safety

30th July 2021

     

Font size: - +

This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.

SP Mine Safety (SA) Pty Ltd (SPMS SA) is very pleased to announce today that it has concluded a transaction to bring on BG Safety (Pty) Ltd (BG Safety) as its Broad-Based Black Economic Empowerment (B-BBEE) equity partner.

BG Safety will take an equity interest of 25% + 1 share in SPMS SA to secure an ownership interest per B-BBEE guidance. SPMS SA anticipates this new partnership will enable SPMS to further grow and develop its business across the South African mining markets, while at the same time create added value for BG Safety.

“As a major supplier of mine safety technologies in South Africa, this partnership not only strengthens our corporate goals for continued safety in mining, but also demonstrates our support for the BEE’s economic transformation objectives,” states Ian Cillie, SPMS SA Managing Director.

Banzi Giyose, Executive Director & VP of BG Global commented, “The Strata/ SP Mine Safety transaction and investment is a strategic addition to our portfolio of investments, thus, making it a key focus in ensuring that we continue to build value for our stakeholders and shareholders. The transaction has been a thorough and lengthy negotiation process, which has demonstrated both BG Safety’s resilience, resolve and willingness to be an incoming value-adding equity partner to Strata. I believe we will build a resilient firm that will continue to provide a superior quality service to various markets”.

 

Edited by Creamer Media Reporter

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.134 0.173s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: